Are you ready to buy or sell a property in New York City and wondering whether you should hire a real estate agent? A good agent can guide you through the process from start to finish and help you get the best possible deal. But how do you find the right one? In this guide, we'll equip you with all the knowledge you need to find a real estate agent that meets all your needs.
What Is a Partner Agent?
Buying a place in NYC can be a challenging experience, but a partner agent, also known as a buyer's agent, can make the process less daunting by acting as your advocate. A partner agent navigates all sides involved in the home buying process and has a fiduciary duty to only you. This includes confidentiality, undivided loyalty, full disclosure, obedience, accountability, and reasonable care.
Real estate agent Krista Nickols explains the benefits of having a buyer’s agent.
When Should You Hire a Partner Agent?
Serious home shoppers are advised to find a partner agent as early as possible. By doing so, the agent can understand your needs, advise you on the market, and start identifying suitable properties for you. But how do you find a real estate agent?
How to Find a Great Agent for Buying a Home
The best way to find an agent to help you buy a home in NYC is through StreetEasy Experts. StreetEasy Experts are experienced agents with a verified deal history in the buildings, neighborhoods, or home types you're interested in. You can connect with an Expert by scrolling to the bottom of your search results page, finding the "MATCH WITH AGENT" banner, and clicking to connect with an Expert suitable for your home search. You can also connect with an Expert directly from any sales listing by clicking on "SCHEDULE A SHOWING" or "ASK A QUESTION."
Here’s how to connect with an Expert real estate agent on a sales listing.
You can also find an agent through referrals from friends, family, or colleagues. If you trust their advice on other matters, you can probably trust their recommendation for a real estate professional.
What Fees Do Partner Agents Charge?
When considering how to find a real estate agent, it's important to think about the cost. In New York City, a partner agent typically earns a 5-6% commission, paid by the seller at closing. So, if you're the buyer, there is no cost to you for using a buyer's agent, even if the agent is a StreetEasy Expert!
Why You Should Work Exclusively With a Partner Agent
Working exclusively with a partner agent has several advantages. First, they have expertise in the market and can advise and educate you on properties that fit your needs. They are solely focused on your best interests during negotiation, and they can guide you through the entire home buying process.
Real estate agent Krista Nickols shares how to find a buyer’s agent.
What's the Difference Between a Partner Agent and a Renter's Agent?
When it comes to renting or buying in NYC, there is a distinction between a partner agent and a renter's agent. A partner agent represents you in a purchase, while a renter's agent functions as a go-between for tenants and landlords. Both will have your best interests in mind, but the process and parties involved may differ.
What Is a Listing Agent?
When it's time to sell your NYC home, you'll need to choose a real estate agent to represent you as the seller, also known as a listing agent or seller's agent. Selling a home in NYC requires a lot of work, and a listing agent can help you navigate the process.
When Should You Hire a Listing Agent?
If you're serious about selling, it's time to get a listing agent. They can advise you on pricing, create a marketing plan, and help you get the best price for your home.
How to Find a Listing Agent in NYC
Choosing a listing agent is an important decision. StreetEasy's Expert Match tool can recommend up to three agents based on their experience and your specific needs. Alternatively, you can contact the StreetEasy Concierge for sellers to get matched with an Expert.
How to Interview a Real Estate Listing Agent
When interviewing listing agents, it's important to ask the right questions and consider their experience, selling style, marketing strategy, and commission expectations. Make sure you feel comfortable working with the agent and trust their expertise.
What If I Don't Like My Listing Agent?
If you're not satisfied with your listing agent, you can explore other options. StreetEasy's Expert Match tool can provide a new set of candidates tailored to your needs.
Remember, finding the right real estate agent is crucial when buying or selling a property. By following these guidelines and utilizing the resources available to you, you can ensure a smooth and successful real estate transaction in NYC.
